2024-05-28 08:21:53 ET
Summary
- Keurig Dr Pepper (KDP) has shown decent performance since the last article, with net sales rising well beyond expectations and significant gross margin expansion.
- KDP remains undervalued with potential for growth, particularly in the coffee sector, despite challenges in the competitive coffee market.
- The company expects sales growth, recovery in operating income, and an increase in company EPS for the fiscal year 2024, which could lead to a higher share price.
Dear readers/followers,
You may recall my last article on Keurig Dr Pepper ( KDP ), an article which you can find here. In that piece, I retained my positive rating on the company, called it a "BUY" and even bought a few more shares in connection with this. As you can see, the company managed a decent performance since that time.
Seeking Alpha KDP performance (Seeking Alpha KDP performance )
In this article, I'll provide an update for KDP and see where the company could go from here. I own a number of beverage businesses In my portfolio, and honestly, many of them have substantially outperformed. The most recent example of this I consider worth mentioning is Coca-Cola Consolidated ( COKE ), where I have managed to "score" a triple-digit TSR over what I consider a relatively short period of time....
Read the full article on Seeking Alpha
For further details see:
Keurig Dr Pepper: Upside, Plenty Of Potential Left